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The suburb’s capital gain of -3.34% for the past year is lower than average compared to its 7.67% growth within a five-year period.
Also in OAKLANDS PARK, the median home price is sitting at $463,000, and the average rent at $400, this suggests property owners could potentially earn a 4.49% increase in gross rental yield.
Property investors have seen a -2.01% drop in OAKLANDS PARK based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.18% growth over a ten-year period. It ranks 2846th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $463,000 | $365,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.01% | -2.67% |
| Median 12 month | -3.34% | -3.95% |
| Median 3 years | 1.76% | 5.8% |
| Median 5 years | 7.67% | 7.35% |
| 10 years average annual | 2.18% | 2.51% |
| Weekly media advert. rent | $400 | $330 |
| Time on Market | 97.8 days | 59.8 days |
| Gross Rental Yield Percent | 4.49% | 4.7% |
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